An official said that around 52 projects for port- rail connectivity involving an investment of Rs 44,605 crore are being undertaken by the Indian Port Rail Corporation Ltd (IPRCL) and the Ministry of Railways.
IPRCL has completed eight projects costing Rs 175 crore, whereas 32 projects worth Rs 18,253 crore across nine major ports are underway. In addition, 23 rail connectivity projects worth Rs 24,877 crore identified under Sagarmala have being taken up by the Ministry of Railways, out of which seven projects entailing Rs 2,491 crore investment have been completed.
Sagarmala is a port-led development programme which aims to decrease logistics costs for both international and domestic trade. Another 15 rail connectivity projects worth Rs 4,193 crore have been undertaken, out of which three projects worth Rs 52 crore have been finished.
"A total of 52 projects with an investment of Rs 44,605 crore are in various stages of implementation by these agencies, while 18 projects have been completed," the official added.
A pact for the execution of the 362 km long Indore-Manmad New Railway Line Project has been inked recently between Jawaharlal Nehru Port Trust, Ministry of Railways and the governments of Maharashtra and Madhya Pradesh. This will decrease the distance from Mumbai/Pune to important central India locations by 171 km, resulting in lower logistics costs, the official said.